MARKETS: Sensex trims losses, down 500pts; Nifty near 17,150; Infy up 2%

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Domestic equity edged lower in Monday’s intra-day trade as sentiments remain muted overseas. Losses in heavyweights like Reliance Industries, HDFC Twins, Bajaj Twins, and Tata Consultancy Services (TCS) also contributed to the sharp cuts in the benchmark indicies.

Key indices Nifty50 tumbled over 300 points to trade below 17,000 levels and the crashed over 1,000 points to hit a low of 57,038 levels.

 


Weakness spread to broader markets, too, as Nifty MidCap 100 and Nifty SmallCap 100 indices dropped over 3 per cent and 4 per cent, respectively. The volatility gauge, India VIX, meanwhile, jumped over 8 per cent.

 

All sectors plunged in the sea of red with the Nifty Auto, Nifty Metal, Nifty Media and Nifty Realty indices taking the biggest hit.

Among individual stocks, shares of Hindustan Unilever (HUL) defied the dull market mood and hit over 11-month high at Rs 2,728.55, as the stock gained 2 per cent. READ MORE

New listing

Harsha Engineers International (HEIL) made a strong stock market debut, with its shares listed at Rs 450, a 36 per cent premium over its issue price of Rs 330, on the National Stock Exchange (NSE). READ MORE

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